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- Accounting journals are records of financial transactions that are grouped by type12.Some examples of accounting journals are12:
- Cash Receipts Journal: records all cash inflows
- Cash Disbursements Journal: records all cash outflows
- Purchases Journal: records all purchases of inventory or assets on credit
- Sales Journal: records all sales of goods or services on credit
- Purchase Return Journal: records all returns of purchases or allowances from suppliers
- Sales Return Journal: records all returns of sales or allowances from customers
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.7 Types of Journals in Accounting Purchase Journal Sales Journal Cash Receipts Journal Cash Payment Journal Purchase Return Journal Sales Return Journalwww.iedunote.com/types-of-accounting-journalHere’s a list of the special accounting journals used: Cash Receipts Journal Cash Disbursements Journal Purchases Journal Sales Journal Purchase Return Journal Sales Return Journalwww.myaccountingcourse.com/accounting-basics/… - People also ask
Journal Entries | Examples | Format | How to Explanation
We are following Paul around for the first year as he starts his guitar store called Paul’s Guitar Shop, Inc. Here are the events that take place. Entry #1— Paul forms the corporation … See more
What is a manual Journal Entry? Manual journal entries were used before modern, computerized accounting systems were invented. The entries … See more
Journal entries are the first step in the accounting cycle and are used to record all business transactionsand events in the accounting system. As business events occur throughout the accounting period, journal entries are recorded in the general journal to show how … See more
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